BB&T Corp First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component BB&T Corp (NYSE:BBT) will unveil its latest earnings on Thursday, April 19, 2012. BB&T is a financial holding company which, through its subsidiary Branch Banking and Trust, provides a range of banking services and loans to individuals and businesses.

BB&T Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for profit of 57 cents per share, a rise of 78.1% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from 52 cents. Between one and three months ago, the average estimate moved up. It has risen from 56 cents during the last month. For the year, analysts are projecting net income of $2.54 per share, a rise of 38.8% from last year.

Past Earnings Performance: Last quarter, the company beat estimates by 3 cents, coming in at profit of 55 cents a share versus the estimate of net income of 52 cents a share. It marked the fourth straight quarter of beating estimates.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 9.8% in revenue from the year-earlier quarter to $2.24 billion.

Analyst Ratings: Analysts seem relatively indifferent about BB&T with 19 of 28 analysts surveyed maintaining a hold rating.

A Look Back: In the fourth quarter of the last fiscal year, profit rose 88% to $391 million (56 cents a share) from $208 million (29 cents a share) the year earlier, exceeding analyst expectations. Revenue fell 0.2% to $2.71 billion from $2.72 billion.

Key Stats:

This upcoming earnings announcement will be a chance to build on positive earnings momentum over the last three quarters. Net income rose 46.2% in the second quarter of the last fiscal year and 74.3% in the third quarter of the last fiscal year before increasing again in the fourth quarter of the last fiscal year.

On the top line, the company is hoping to use this earnings announcement to snap a string of four-straight quarters of revenue decreases. Revenue fell 8.9% in the first quarter of the last fiscal year, 13.3% in second quarter of the last fiscal year and 15% in the third quarter of the last fiscal year and then fell again in the fourth quarter of the last fiscal year of the last fiscal year.

Stock Price Performance: Between January 18, 2012 and April 13, 2012, the stock price rose $3.22 (11.8%), from $27.27 to $30.49. The stock price saw one of its best stretches over the last year between January 6, 2012 and January 18, 2012, when shares rose for eight straight days, increasing 6.4% (+$1.64) over that span. It saw one of its worst periods between April 3, 2012 and April 10, 2012 when shares fell for five straight days, dropping 4.9% (-$1.53) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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